Wednesday, July 25, 2012

Nifty after opening marginally positive, traded within the band of previous trading session

Nifty after opening marginally positive, traded within the band of previous trading session to form an inside day candlestick pattern. The support of 200 ays simple moving average has been respected by lows of last two trading sessions at that point and significance of 5100 as a support increases. Important resistance lies at 5200 which is the down gap area and will be in concentration

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